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HCL records strong growth in Q2 FY15

Anuradha Shukla | Feb. 2, 2015
Constant currency revenue growth of 6.2 percent.

HCL Technologies has recorded a constant currency revenue growth of 6.2% for the quarter that ended 31st December, 2014.

This broad based growth was driven by engineering and research and development (R&D) services at 12.6%, infrastructure services at 6.2%, business services at 4.5% and application services at 3.8%.

Growth across verticals was led by lifesciences & healthcare at 19.3%, retail & consumer packaged goods at 8.6%, public services at 7.9%, manufacturing at 7.3%, telecommunications, media, publishing & entertainment at 2.0% and financial services at 1.6%.

The Americas, Europe and rest of the world (ROW) grew by 6.0%, 7.2% and 4.3% respectively.

HCL's return on equity (ROE) for Calendar 2014 was at 38% up from 35% in Calendar 2013.

"We have posted yet another strong quarter with constant currency revenue growth of 6.2% QoQ and 16.2% YoY," said Anant Gupta, president & CEO, HCL Technologies. "Our continued focus in developing next generation propositions around Digitalization, Engineering Platform Services and Target Operating Model for Enterprise IT have allowed us to stay ahead of the innovation curve and gain significant market share in the Global IT services market."

Achievements and deals
The company was positioned as 'Leaders' in Gartner Magic Quadrant for Communications Outsourcing and Professional Services in November 2014.

HCL has signed a multi-year IT infrastructure deal with a US based cable & communications services provider.

It won Frost & Sullivan's 2015 CIO Impact Awards in the categories Enterprise Social Networking, Mobility and Cloud Computing.

HCL also inked a multi-year deal with one of Europe's largest Forestry, Paper & Packaging companies to provide IT end user support across multiple regions, including multi-lingual service desk, device management and onsite support.

"The Global IT Industry is undergoing a seismic change as the scope of IT buying expands to capture adjacencies beyond IT. This is not only changing the contours of the traditional buyer as we know it but also bringing technology to the very center stage of organizational competitiveness," said Shiv Nadar, chairman & chief strategy officer, HCL Technologies. "In such a scenario the balanced portfolio, integrated IT services and engineering capabilities of HCL have ensured that we remain service providers of choice for companies looking for business model transformation."


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